Paragon Technologies, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 13, 2020
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Paragon Technologies, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was USD 18.252 million compared to USD 27.252 million a year ago. Operating income was USD 895,000 compared to USD 664,000 a year ago. Net income was USD 564,000 compared to USD 236,000 a year ago. Basic earnings per share was USD 0.33 compared to USD 0.14 a year ago. For the half year, sales was USD 47.846 million compared to USD 50.952 million a year ago. Operating income was USD 1.838 million compared to USD 916,000 a year ago. Net income was USD 846,000 compared to USD 259,000 a year ago. Basic earnings per share was USD 0.5 compared to USD 0.15 a year ago.
Paragon Technologies, Inc. (Paragon) is engaged in diverse business activities, including material handling, distribution and real estate services. The Companyâs subsidiaries include SI Systems, LLC (SI Systems); Ohana Home Services, LLC (Ohana); ARK Investments, LLC and SED International de Colombia, S.A.S. (SEDC). SI Systems is a supply chain and logistics manufacturer and software engineering company. SI Systems provides solutions to distribution centers, manufacturers and warehouses worldwide. SI Systems provides material handling solutions that increase productivity and provide safety enhancements. SEDC distributes information technology (IT) hardware products from 27 IT manufacturers, such as Hewlett Packard, Lenovo, Dell, Samsung, LG, Epson, Hitachi, and others. SEDC's business is divided into four main business units: Value, Transactional, Consumer Electronics, and Integrated Services. Ohana acquires residential real estate for income and capital appreciation purposes.
PARAGON TECHNOLOGIES, INC. 
